News

The Financial Services Authority (FSA) is to consult on reducing its projection rates after independent research supported the move.

Eight out of ten advisers could move to a restricted advice model after the retail distribution review (RDR), recent findings suggest.

Some 40% of IFAs plan to take on a protection paraplanner to boost the commission they receive from protection business post RDR, according to research.

Plymouth-based Financial Management Services has seen five staff walk out because they found the the fees structure required by RDR 'unworkable', according to managing director Ken Hayden.

Forcing employers to auto-enrol agency workers will be costly for businesses and deter saving among temporary staff, an MP has warned.

Who moved where in another busy week in financial services?

A land banking business shut down by the Insolvency Service last year convinced investors to hand over £10m in less than three years.

State pension payments will rise to an average of £124 a week, an increase of £6 from last year, the government has said.

Demand for UK housing hit its highest level in two years in March as more properties were put up for sale ahead of the Stamp Duty holiday-end, data suggests.

The FTSE 100 fell 50 points, or just under 0.9%, in early trading on Tuesday as investors got their first opportunity to act on a disappointing US jobs report on Friday.